AN EMPIRICAL EXAMINATION OF INVESTOR OR DEALER STATUS IN REAL ESTATE SALES

Abstract

The final model from each method retains the same five significant predictor variables. The Hosmer and Lemeshow’s Chi-Square statistics for the probit and logit models are 3.5036 (p-value=0.6229) and 5.7173 (p-value=0.3347), respectively, both of which indicate a good fit. These models each have a proportional Rp2 of 86.5%. The discriminant function, with the same 5 predictors, has a classification accuracy rate of 85.4%. Furthermore, we test all models over a holdout sample of 10 decisions, and predict the outcome of all 10 holdout cases, with no ambivalence, for an accuracy rate of 100%.

Citation

Englebrecht, T.D. and Bundy, T.L. (2004), "AN EMPIRICAL EXAMINATION OF INVESTOR OR DEALER STATUS IN REAL ESTATE SALES", Advances in Taxation (Advances in Taxation, Vol. 16), Emerald Group Publishing Limited, Bingley, pp. 55-72. https://doi.org/10.1016/S1058-7497(04)16003-1